Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1887-04-21

many whiled away their time walking
over the flour-mill inspecting the ma
chinery. The auctioneers arrived
about 1915, and after brief consul
tation with the commissioners Mr..
! Bowe ascended a table, which
had been placed on the pave
ment near the centre OF the mill, facing
the basin, and announced thatit had been
decided TO offer the property in parcels
and then as a whole. The flour-mill-a
building eight stories high, substantln-
tally constructed Of pressed bricks,
and covered with Virginia slate, front
ing 1G5 feet on the lower end of the old
| basin Of the James River and Kanawha
canal and running back 50 feet to
Twelfth street-was first offered.
Mr.. Bowe cried this piece of
property for some time before
he got bid, although there
were gentlemen in front of him repre-
senting millions of dollars. Mr. Tall
man pleasantly remarked that he would
start it at SIC, 900, which small sum was
of course rejected. Mr.. r. b. Chaffin
finally bid $4,000, which, after the
lapse of some minutes, was raised by
Mr. Johh p. Branch $1,000. Mr.
Chsffin pext bid $4,000, and the mill
was knocked ont to himself, DR.. Il. A.
Patterson, and associates.
THE coRN-MILL.
The corn-mill, situated on the south
side of Canal street Immediately oppo-
site the four-mill, and the lot at the
southwest corner of Twelfth end Canal
streets, adjoining and east of the corn
mill, having thereon massive granite
foundation which cost over $4,000,
were next put up. MIR. TalIman, repre-
senting the Commercial Bank of New
Bedford, bid $40, 0,0C0 Spirited bidding
took place, the contest lying between
Messrs. John p. Branch and Charles
L. Todd, and the property was knocked
ont 20 the latter for $23, 600.
OTHER PROPERTY.
The vacant lot, known as the " Basin
Spring Lot" at the southeast corner
of Cannl and Eleventh streets, adj
Joining and west of the eorn-miils,
fronting 1873 feet on Canal street and
running back 165 feet, was knocked
ont to Mr. Todd at S36 per foot, making
the total cost -, 7SS.
The lot fronting 1873 feet on the east
side of Twelfth street between Canal
and Byrd streets and mnning back
2J5 feet to- Thirteenth street. having
thereon a large framed building, used
rs a sumac- and baIkmill, fronting on
Twelfth street, and in the rear the
building used for the mills stables,
was Knocked out to Mr.. Todd at
$500.
Tie large four-story brick store
house az the corner of Twelfth street
and Basin bank, J02xG8. feet, was
knocked out to Mr.. William Henry
Jones, Of Danville, at 81. 300.
The bidding for the rutherford mill
lot on the Richmond and Allegheny
road, three quarters Of mile west
Of Richmond, containing about half an
acre, was more spirited, and at times
created considerable amusement. Mr..
T. j. Todd became the purchaser at
22,470.
SOLD As A WHOLE.
The aggregate amount brought 10y
the several pieces of property was
SlG2,4 Mr. Taylor then offered the
property as a whole. Dir. Charles L.
Todd bid Sl05, 900, and Mr.. Fred. Il.
Scott raised him $1,000. Mr.. Tom
Potts bid 2l1j,000, 10 which Mr.. Scott
added 81 COO Mr.. Todd here entered
the field again and offered $40, 900.
The ouctioneer cried this bid for some
time, but no larger offer being
made the entire property was knocked
out to Mr. Todd. Before the sale,
which of course is subject to the con-
firmation of the count, was announced
it was stated that Nh Todd was bidding
solely for himself, and not in the interest
Of the Gondholders.
THE BRANDs.
The brands used by the company
"Galleeo" and "O'Dance which |
have national reputation and grea! |
popularity, especially in the southern
States, were put up after the other pro-
perty had been disposed Of. Mr.. Potts |
bid $500, and first small and then
larger advances were made until they |
were knocked out TO John l.. Williams |
X Son for 81, $50. The chief contest
ant WAS Mr.. John p. Branch. Ii is un-
derstood that the brands were pur-
chased for the Haxall-Crenshaw Com
pany.
WHAT THE CREDITORS WILL GIT.
The costs jp the suit-attorneys' and
clerks fees, &c. and the cost of adyer- |
tising and the expenses OF the sale will,
Mr.. William Ellyson, the receiver, es
t;mates. not aggregate more than
twelve or fifteen thousand dollars. Al |
lowing that the costs and expenses
amount TO $4,000, the sum of $780, |
COO will be left to be divided
Dro rQta among the holders OF |
tie fIst-mortgage bonds, and they |
will receive about , 80 per cent.
of their claims, which altogether add
ND about 100000 in round numbers.
The holders of the second-mortgage
bonds and the general creditors will re.
ceiye absolutely nothing. The claims
of these sum up about 300, 900, and
possibly more.
Mr.. Tallman and others representing
the principal holders of the preferred
bonds said they were satisfied with the
sale and would do nothing to impede or
prevent the sale being confirmed by the
cont.
MIL history.
Mordecai in Richmond in Bygone
Days" edition OF 1860 says:
"The first grist-mill in Richmond
was built, am told, near the spot
where Haxall's mills now stand or run.
IL was a mere wooden shanty built on
the rocks in the river, and was APP
preached 10y planks land from one rock
10 another. The machinery was COM
mon tub-wheel propelled by natural
rapid, and gave motion to pair of
mill stones, which served 10 grind corn
for the inhabitants.
uAs early us the year 1889, Daniel